Sen. Mike Braun

Maddy summaryThis bill requires the Federal Housing Finance Agency (FHFA) to immediately revert to the previous mortgage pricing structure (effective April 30, 2023) by eliminating the "recalibrated" fee system for single-family mortgages. It directly affects lenders and borrowers by banning fees based on debt-to-income ratios and mandating that future fee adjustments must align with risk-based pricing principles. The bill also mandates a 14-month GAO study to analyze the previous pricing changes' methodology, economic impacts on borrowers and lenders, and effects on affordable housing. This reverses recent FHFA policy changes without altering the underlying regulatory framework for mortgage enterprises.

Maddy summaryThis bill changes how biosimilar drugs are approved by automatically considering them interchangeable with brand-name drugs, removing a previous requirement for separate approval. It requires the FDA to brief congressional health committees before demanding certain safety studies on switching between biosimilars and reference drugs. The law affects drug manufacturers seeking FDA approval for biosimilars and the FDA itself. These changes apply only to new applications approved after the bill's enactment.

Maddy summaryThis bill mandates that the Air National Guard maintain at least 25 fighter squadrons, with each squadron having a minimum of 18 aircraft, to preserve its combat readiness. It requires the Air Force Secretary to create a detailed plan by 2024 for fully replacing all Air National Guard fighter aircraft by 2034 and integrating new Next Generation Air Dominance systems. The plan must ensure "one-for-one" replacement of aging aircraft while allowing limited waivers for extraordinary circumstances, subject to congressional review. The policy directly affects the Air National Guard's aircraft inventory, modernization schedule, and funding priorities.

Maddy summarySRES 293 is a commemorative Senate resolution designating June 12, 2023, as "Women Veterans Appreciation Day." It recognizes the service and sacrifices of women veterans who have served in the U.S. military throughout history, including over 2 million women veterans as of 2023. The resolution highlights women's growing presence in the military (17% of active duty personnel in 2021) and their contributions to conflicts and emergencies like the pandemic and Ukraine response. This symbolic gesture does not create new policies or funding but aims to honor women veterans' unique service through a designated day of recognition.

Maddy summaryS.Res. 292 is a U.S. Senate resolution that formally congratulates the University of Notre Dame men's lacrosse team for winning the 2023 NCAA Division I National Championship, their first national title in program history. The resolution recognizes the team's victory in the championship game against Duke on May 29, 2023, and acknowledges the dedication of players, coaches, and support staff who contributed to the win. As a symbolic gesture, it has no policy impact or legal effect but serves to honor the team's achievement.

Maddy summaryThe Ensuring Sound Guidance Act requires investment advisors and retirement plan fiduciaries to prioritize financial factors (like risk and return) in investment decisions, unless clients or participants provide written consent to consider non-financial goals such as environmental or social objectives. If non-financial factors are used, advisors must disclose expected and actual financial impacts over a three-year period. The bill also mandates three studies: one on state/local pension plans potentially subordinating financial interests to non-financial goals, one on climate change disclosures in municipal bonds, and one on rules preventing payments to officials for municipal securities business. These studies aim to assess financial risks and regulatory effectiveness without advocating for specific outcomes.

Maddy summaryThe Susan Muffley Act requires the Pension Benefit Guaranty Corporation (PBGC) to recalculate monthly pension benefits for participants and beneficiaries of six specific Delphi pension plans (including the Delphi Hourly-Rate Employees Pension Plan) to the full vested amount, removing prior limits that previously reduced payments. It mandates lump-sum payments for past underpayments, including 6% interest, within 180 days of enactment, covering individuals currently receiving benefits or eligible for future payments under these plans. The law establishes a Treasury-funded trust to cover these increased payments and applies retroactively to past benefit calculations. This change directly affects Delphi plan participants who were underpaid due to previous benefit caps, without altering existing asset allocation rules.

Maddy summaryThe Federal Prisons Accountability Act of 2023 would require the President to appoint the Director of the Bureau of Prisons with the advice and consent of the Senate, replacing the current system where the Director is appointed by the Attorney General. It also establishes a 10-year term for the Director, with the current Director permitted to continue serving until three months after the bill’s enactment. This change directly affects the leadership of the federal prison system, which manages 122 facilities and oversees over 159,000 inmates and 34,000 employees. The bill aligns the appointment process for the Bureau of Prisons Director with other senior Justice Department positions that require Senate confirmation.

Maddy summaryThe RELIEVE Act (S 1172) modifies eligibility for veterans to receive reimbursement for emergency medical treatment. It adds a new provision allowing veterans to qualify if they enrolled in the VA health care system within 60 days before receiving the emergency care. This change directly affects veterans seeking emergency treatment after enrolling in VA health services but before full enrollment processing. The policy change expands access to reimbursement by removing a prior barrier related to enrollment timing. The amendment applies to emergency treatment furnished one year after the bill's enactment.

Maddy summaryThis bill requires the Department of Veterans Affairs (VA) to certify improvements to its electronic health record system (EHR) before expanding its implementation. Specifically, the VA cannot start new EHR program activities or implement the system at new facilities until it provides written certification to Congress that: (1) the system meets minimum uptime/stability standards, and (2) workflow customization issues are resolved. The VA must also certify that staff and infrastructure at each facility are ready for the EHR, with this requirement ending once certification is achieved across all facility complexity levels. Additionally, the VA must submit detailed reports to Congress within 30 days and quarterly thereafter on system stability, readiness standards, and deviations from national workflow guidelines.